Plainfield IL Housing Statistics from 2007 through 2012

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Real Estate Agent with john greene Realtor 475.137677

Over the last 5 years there have been some very dramatic changes in the landscape of Plainfield IL real estate.  Most notably home values.  The following statistics will tell the story of how our home values have decreased nearly steadily over the last 5 years from 2007 until 2012.

2012
Total homes closed: 1,106
Average sale price: $214,519 (sold at 92% of original asking price)
Average market time: 122 days

2011
Total homes closed: 912
Average sale price: $217,481 (sold at 90% of original asking price)
Average market time: 156 days

2010
Total homes closed: 823
Average sale price: $236,395 (sold at 89% of original asking price)
Average market time: 161 days

2009
Total homes closed: 903
Average sale price: $235,883 (sold at 89% of original asking price)
Average market time: 171 days

2008
Total homes closed: 876
Average sale price: $273,186 (sold at 91% of original asking price)
Average market time: 171 days

2007
Total homes closed: 1065
Average sale price: $302,401 (sold at 95% of original asking price)
Average market time: 140 days

Comparisons from the "peak" of 2007 to the "burn" of 2012:

  • There has been a 4% increase in the volume of single family residential sales
  • We have experienced a 30% decrease in home values
  • There is has been a 13% decrease in market times
  • 4% decrease in the final asking price from the original list price. 


While some blips of good news are obvious, it seems our market is still struggling in terms of market values.  No matter what progress we have made in other areas... PRICE is always front and center in the minds of both buyers and sellers!

If you want to know what your property is worth or have an interest in selling your home, I'd love to meet with you to discuss your home selling options.  Call me at 630-673-6233 to find out what your home is worth.

Julie Ferenzi | Realtor
Real People Realty, Inc
630-673-6233

 

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Rainer
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Ridhi Raheja
Movement Mortgage (Illinois) - Naperville, IL
FHA, 203k, VA, Jumbo, PreApproval, Jumbo Home Loan
Julie , great post and great information , I fact I am going to save this and share with my clients who are in Plainfield
Mar 20, 2013 11:27 AM #1
Rainmaker
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Julie Ferenzi
john greene Realtor - Plainfield, IL
Julie Ferenzi

Thanks Ridhi!

 

Mar 21, 2013 08:23 AM #2
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Rainmaker
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Julie Ferenzi

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